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Australian sharemarket dragged lower by iron ore stocks as China implements anti-pollution measures – NEWS.com.au
Australian sharemarket dragged lower by iron ore stocks as China implements anti-pollution measures
Iron ore stocked dragged the Australian sharemarket lower on Wednesday after new anti-pollution measures in China sent the price of the steelmaking commodity tumbling.The S&P/ASX200 closed 0.84 per cent lower at 6714.1 while the All Ordinaries Index dropped 0.76 per cent to 6947.2.
Ivan Tchourilov, chief executive of OpenMarkets Group — which closed an oversubscribed pre-IPO round as its business-to-business arm became Australia’s second-largest retail broker behind CommSec — said the ASX gave up…
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